TDS

To Profession fees recd...........10,000

To Service Tax............................1,030

By XYZ........................................11,030

By Bank....................................9,927

To XYZ.....................................11,030

To TDS ...................................1,103

BANK-DR

TDS RECIVABLE - DR

TO PARTY A/C

SERVICE TAX OUTPUT- DR

TO SERVICE TAX PAYABLE
 

Thanx a lot

When Bill Raised (after 01.04.2011)

Party A/c Dr 1103

To Income A/c 1000

To Output Sevice Tax 103

When Payment Recd after TDS

Bank A/c Dr.

TDS A/c Dr.

To Party A/c